Court Rules Against Reopening Assessment: No Evidence of Tax Evasion, Notice Based Only on VAT Info Invalid.

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....Reopening of assessment u/s 147 - All the documentary evidences shows no iota of evidence that there was any intention of the assessee to evade tax by over stating the purchase - In the instant case, no efforts were made and just based on the information received from VAT Department notice was issued -mere change of opinion cannot be a basis to issue a notice u/s 148 - AT....